Cable Forum - Changes on the High Street

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Cable Forum (https://www.cableforum.uk/board/index.php)

- Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)

- - Changes on the High Street (https://www.cableforum.uk/board/showthread.php?t=33705897)

nomadking

16-10-2019 19:22

Re: House of Fraser in trouble...

Quote:

Originally Posted by Stephen (Post 36014109)

I bought a DSLR which I bought from Jessops in 2013 just after they reopened. I do use it often and have a few lenses for it. However due to various personal issues I have decided to sell it all as I need the cash. It's a shame that they are struggling again.

As with so many other things, times have changed. Photography is not as technical as it used to be. Full reviews of products are available on the internet, with fully details of features. You don't need a specialist camera shop to buy a camera.

richard s

16-10-2019 20:34

Re: House of Fraser in trouble...

Sign of the times I suppose... any way another British owned company being sold off to foreign investors a good or bad thing.

https://news.sky.com/story/greene-ki...eover-11789261

nomadking

16-10-2019 20:44

Re: House of Fraser in trouble...

Quote:

Originally Posted by richard s (Post 36014126)

Sign of the times I suppose... any way another British owned company being sold off to foreign investors a good or bad thing.

https://news.sky.com/story/greene-ki...eover-11789261

Doesn't sound like they had much choice.

Quote:

CK Asset Holdings, founded by Hong Kong's richest man Li Ka-shing, will pay £2.7bn for the 220-year old brewery company and take on its debt, worth an additional £1.9bn.

1andrew1

17-10-2019 20:11

Re: House of Fraser in trouble...

Quote:

Originally Posted by richard s (Post 36014126)

Sign of the times I suppose... any way another British owned company being sold off to foreign investors a good or bad thing.

https://news.sky.com/story/greene-ki...eover-11789261

With a cheap pound, it's rude not to. We've seen a number of large companies succumb to takeovers since June 2016 due to the weakened pound. That being said, CK seems a good owner having brought the UK 3 Mobile and owned Superdrug for a number of years.

Carth

17-10-2019 20:47

Re: House of Fraser in trouble...

Quote:

Originally Posted by 1andrew1 (Post 36014253)

We've seen a number of large companies succumb to takeovers since June 2016 . . . .

You can go back a lot further than that :p:

denphone

18-10-2019 20:01

Re: House of Fraser in trouble...

Bonmarché appoints administrators.

https://www.bbc.co.uk/news/business-50094937

Quote:

Women's fashion chain Bonmarché has appointed administrators, putting the future of the business in doubt.

Quote:

"We have spent a number of months examining our business model and looking for alternatives. But we have been sadly forced to conclude that under the present terms of business, our model simply does not work," she added.

pip08456

18-10-2019 20:46

Re: House of Fraser in trouble...

Quote:

Originally Posted by denphone (Post 36014354)

Bonmarché appoints administrators.

https://www.bbc.co.uk/news/business-50094937

Then change the model.

denphone

18-10-2019 21:25

Re: House of Fraser in trouble...

Quote:

Originally Posted by pip08456 (Post 36014364)

Then change the model.

Somehow l cannot see them doing that.

1andrew1

21-10-2019 23:18

Re: House of Fraser in trouble...

Quote:

Originally Posted by pip08456 (Post 36014364)

Then change the model.

If you're in administration you can't - it's the administrators - typically accountancy firms - who oversee the company on a super short-term basis in order to sell its assets.

denphone

22-10-2019 06:29

Re: House of Fraser in trouble...

Quote:

Originally Posted by 1andrew1 (Post 36014685)

If you're in administration you can't - it's the administrators - typically accountancy firms - who oversee the company on a super short-term basis in order to sell its assets.

l think pip is talking about changing the model before administration Andrew.;)

pip08456

22-10-2019 11:32

Re: House of Fraser in trouble...

Quote:

Originally Posted by denphone (Post 36014698)

l think pip is talking about changing the model before administration Andrew.;)

Correct.

heero_yuy

25-10-2019 10:25

Re: House of Fraser in trouble...

Quote:

Quote from The Sun:

https://www.cableforum.uk/board/atta...8&d=1562846859

The owner of hairdressing chain Supercuts has gone into administration putting 1,200 jobs at risk.

Deloitte says it's been appointed as an administrator for Regis UK and International Beauty Limited.

Regis UK operates around 220 hairdressing salons around the UK, primarily under the Regis and Supercuts brands and employs around 1,200 people in total.

But Deloitte says the salons will continue trading as normal while "options are explored".

It adds that no redundancies or store closures are being announced yet.

There was me thinking that hairdressing was a growth industry. :D

tweetiepooh

25-10-2019 10:54

Re: House of Fraser in trouble...

Quote:

Originally Posted by heero_yuy (Post 36014952)

There was me thinking that hairdressing was a growth industry. :D

Around here "Turkish Barbers" keep appearing. What's the difference? Is it just the owners are Turkish or is there a difference is style?

The other growth groups are tattoos and vape shops. Neither of interest to me.

Traders to stay open need that "value add" but how to do that in a way that you don't the work and the punter still goes online to get the same item cheaper.

Hugh	25-10-2019 11:07

Re: House of Fraser in trouble...

Turkish barbers tend to do shaves as well.

heero_yuy

25-10-2019 11:14

Re: House of Fraser in trouble...

Don't they wrap your head on hot damp towels as well?

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